This blog is a record of my market thoughts and trades in real time. I started trading with my savings in January of 2007. My strategy is based on macroeconomics. My idol is George Soros. My style is based on identifying where mainstream market beliefs differ from mine. You may email me at levinegregoryj@gmail.com. Thank you.
Just bought an ABX Jan'09 70 call for 1.60. Here's the thinking: since the low on 8/16, gold has risen to a high of 850 (33%) and given back 11%. ABX has risen twice as fast as gold and has given up 15% since gold hit 850. I think that gold will go over $1,000 next year for a 28% gain, and ABX will rise at double that rate to at least $63. I think that's close enough to make my calls worth about $7.00.
posted by The Obfuscation Oracle @ 9:40 AM
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My strategy is big picture. I am fascinated by credit flows and how central bank and government policy interacts with global trends. I try to time bubbles, predict trend changes and invest accordingly. An inquisitive, contrarian, and skeptical attitude come to me naturally. I believe two things about investing. First, there are plenty of analysts who can pick out which snail (or tech company) will beat the other snails (or tech companies). What I want to know is, "Which asset class is the cheetah standing still?" This is what I have invested years of my time, energy, and thought process to do: understand the confluence of finance and economics and how to speculate on that knowledge.
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